Ethiopian Airlines has secured a US$41.4m 7-year junior loan facility from ING Capital for the acquisition of two Boeing 777 freighter aircraft. The senior debt is supported by Ex-Im Bank and was provided by another financial institution with ING as their co-arranger. The junior lender benefits from a second priority interest in the security package
Wescos Aircraft’s net sales in the fiscal 2014 fourth quarter were US$408.2m an increase of 74% compared to US$234.3m in the prior year period. External sales in the North America segment increased 72%, while Rest of World external sales increased 83%, in each case, compared to the fiscal 2013 fourth quarter. The external sales increase
Copa Holdings posted financial results for the third quarter of 2014. Net income of US$66.0m for 3Q14, excluding special items, Copa Holdings would have reported an adjusted net income of US$99.8m, a 14.1% decrease from adjusted net income of US$116.2m for 3Q13. Operating income for 3Q14 came in at US$111.1m, a 24.7% decrease from operating
Héroux-Devtek, a leading Canadian manufacturer of aerospace products, today reported its results for the second quarter of fiscal 2015 ended September 30, 2014. Results include the contribution of APPH Limited and APPH Wichita Inc. (collectively “APPH”), acquired on February 3, 2014. Consolidated sales grew 49.1% to CA$84.1m, up from CA$56.4m in the second quarter of
Intrepid Aviation announced the financing of one Airbus A330-300 on lease to China Airlines. The aircraft was purchased with cash earlier this year. Credit Agricole CIB and CIC are the long-term lenders in this transaction. Intrepid Aviation is a privately held commercial aircraft lessor, which owns commercial aircraft leased to airline operators worldwide. Intrepid Aviation
Airbus Group reported improved results for the first nine months of 2014, driven by an enhanced operational performance across the company. Demand for the Group’s products remains strong overall with a net book-to-bill for commercial aircraft above 1 at the end of September, already fulfilling the full-year target. Group order intake in the first nine
AerCap Holdings’ subsidiary AeroTurbine signed an amendment and extension of its credit facility which increases the size from US$430m to US$550m and extends the maturity of the facility to the fourth quarter of 2019. The credit facility amendment was led by Crédit Agricole CIB, the incumbent administrative agent. Other joint book runners included Morgan Stanley,
AeroCentury Corp., an independent aircraft leasing company, reported its operating results for the third quarter ended September 30th, 2014. The Company reported a net loss of US$8.2m for the third quarter of 2014, compared to net income of US$4.0m for the third quarter of 2013. The Company reported a net loss of US$11.8m for the
The Emirates Group announced its half-yearly results which show steady performance and growth, despite a challenging business environment marked by ongoing health pandemic concerns, regional conflicts, and weakening global markets. The Emirates Group revenues reached AED 47.5bn (US$ 12.9bn) for the first six months of its 2014-15 fiscal year, up 12% from AED 42.3bn (US$
FLY’s net income for the third quarter of 2014 were US$15.4m compared to US$0.3m in the same period in 2013.Total revenues increased 33% to US$105.5m. Operating lease rental revenue for the third quarter of 2014 was US$105.1m compared to US$78.4m for the same period in the previous year, an increase of 34%. The increase was
